Market Data

Market Data

$586,900.

100.0%

$493.00

17 Days

Average Days On Market DC April 2019

$586,900.

Median Sold Price for April

17

Average Days On Market April

$493.00

Average Price Per SF in April

Condo | Co-Op Report

The median sold price for Condo & Coop properties for April was $490,000, representing an increase of 1.4% compared to last month and an increase of 1% from Apr 2018. The average days on market for units sold in April was 47 days, 25% below the 5-year April average of 62 days. There was a 7.5% month over month increase in new contract activity with 504 New Pendings; a 2.5% MoM increase in All Pendings (new contracts + contracts carried over from March) to 565; and an 11.9% increase in supply to 640 active units.

This activity resulted in a Contract Ratio of 0.88 pendings per active listing, down from 0.96 in March and a decrease from 0.91 in April 2018. The Contract Ratio is 6% lower than the 5-year April average of 0.94.

Condo | Co-Op Report

The median sold price for Condo & Coop properties for April was $272,000, representing an increase of 6.3% compared to last month and an increase of 6.3% from Apr 2018. The average days on market for units sold in April was 55 days, 15% below the 5-year April average of 65 days. There was a 6.8% month over month increase in new contract activity with 3,507 New Pendings; a 16.1% MoM increase in All Pendings (new contracts + contracts carried over from March) to 4,815; and a 0.4% decrease in supply to 6,196 active units.

This activity resulted in a Contract Ratio of 0.78 pendings per active listing, up from 0.67 in March and an increase from 0.56 in April 2018. The Contract Ratio is 47% higher than the 5-year April average of 0.53.

Detached Homes Report

The median sold price for Detached properties for April was $320,000, representing an increase of 6.7% compared to last month and an increase of 4.9% from Apr 2018. The average days on market for units sold in April was 74 days, 13% below the 5-year April average of 85 days. There was a 15.3% month over month increase in new contract activity with 18,765 New Pendings; a 26.2% MoM increase in All Pendings (new contracts + contracts carried over from March) to 28,199; and a 1.7% increase in supply to 42,466 active units.

This activity resulted in a Contract Ratio of 0.66 pendings per active listing, up from 0.54 in March and an increase from 0.50 in April 2018. The Contract Ratio is 39% higher than the 5-year April average of 0.48.

Attached Homes Report

The median sold price for Attached properties for April was $254,900, representing an increase of 4% compared to last month and an increase of 5.8% from Apr 2018. The average days on market for units sold in April was 56 days, 14% below the 5-year April average of 65 days. There was a 9.1% month over month increase in new contract activity with 12,452 New Pendings; a 20.2% MoM increase in All Pendings (new contracts + contracts carried over from March) to 18,572; and a 2.5% decrease in supply to 20,494 active units.

This activity resulted in a Contract Ratio of 0.91 pendings per active listing, up from 0.74 in March and an increase from 0.63 in April 2018. The Contract Ratio is 53% higher than the 5-year April average of 0.60.

A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller’s favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer’s favor.

The Isaacs Team

Compass

Concierge: Like having a real estate butler with spare cash.

Saving your cash for the new place, but the old one needs a reboot? No worries. Compass Concierge can tailor an updating & staging plan for your home and cover the upfront costs until settlement. Your home will show better and sell faster at a greater price. Really, what's better than using someone else's money to make more of your own?

Coming Soon: Listings you don't have to be an agent to find.

Yes, there's a secret cache of homes for sale in the District. These 'private exclusives,' 'pocket listings,” or 'off-market placements,” are available through agent networks and usually invisible to buyers. We like sunlight and transparency. So at Compass, we offer a channel of private exclusive listings you can actually see and tour!

Collections: It's Pinterest for real estate buyers. And then some.

Can't face ugly pages of random listings? There's a better way to search for homes. Compass Collections helps you organize, collaborate, share & discuss listings grouped the way you want them. Get automated price and status updates in real time. Invite others to join in. Celebrate the end of boring real estate listings!

The Isaacs Team LLC reports on development activity in the District. This information is sourced from various development entities and public resources, and not all developments may be represented on the site. The property information being provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The Isaacs Team LLC does not represent the developers and developments in our reports unless specifically noted.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition) or other information herein, such should be independently verified, and The Isaacs Team LLC expressly disclaims any liability in connection therewith. No financial or legal advice provided.